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WASTE CONNECTIONS REPORTS SECOND QUARTER 2025 RESULTS AND UPDATES FULL YEAR OUTLOOK
Prnewswire· 2025-07-23 20:05
Core Insights - Waste Connections reported strong second quarter results for 2025, with revenue of $2.407 billion, a 7.1% increase from $2.248 billion in the same period last year [2][6] - The company achieved a net income of $290.3 million, or $1.12 per diluted share, compared to $275.5 million, or $1.07 per diluted share, in the prior year [5][30] - Adjusted EBITDA for the quarter was $786.4 million, reflecting a 7.5% increase from $731.8 million in the previous year, with an adjusted EBITDA margin of 32.7% [3][6] Financial Performance - For the first half of 2025, revenue reached $4.635 billion, up from $4.321 billion in the same period last year [4][5] - Operating income for the first six months was $849.8 million, compared to $791.5 million in the prior year [4] - Adjusted net income for the first half was $626.2 million, or $2.42 per diluted share, compared to $588.7 million, or $2.28 per diluted share, in the previous year [7][30] Operational Highlights - The company experienced solid waste core pricing growth of 6.6%, contributing to margin expansion of approximately 70 basis points [1][6] - Employee retention and record low safety rates were noted as key factors driving performance [1][6] - Waste Connections completed approximately $200 million in annualized revenue from acquisitions, with a strong pipeline for further growth [1][6] Updated Outlook - The company maintains its full-year 2025 outlook, projecting approximately $9.45 billion in revenue and $3.12 billion in adjusted EBITDA, with an adjusted EBITDA margin of 33.0% [8][12] - Revenue growth is expected to be around 6%, with an adjusted EBITDA margin expansion of 50 basis points [1][8] - The outlook assumes no significant changes in the current economic environment or underlying trends [8][12]
WASTE CONNECTIONS ANNOUNCES DATES FOR SECOND QUARTER 2025 EARNINGS RELEASE
Prnewswire· 2025-06-30 20:05
Financial Results Announcement - Waste Connections, Inc. will report its financial results for the second quarter of 2025 after the stock market closes on July 23, 2025 [1] - An investor conference call will be held on July 24, 2025, at 8:30 A.M. Eastern Time to discuss the financial results [1] Conference Call Details - A live audio webcast of the conference call can be accessed via the company's investor website [2] - Participants can preregister for the conference call to receive dial-in instructions and a personalized code [2] - A replay of the conference call will be available until July 31, 2025, through specific phone numbers and a passcode [2] Company Overview - Waste Connections is an integrated solid waste services company providing non-hazardous waste collection, transfer, and disposal services, including resource recovery through recycling and renewable fuels generation [3] - The company serves approximately nine million customers across 46 states in the U.S. and six provinces in Canada [3] - Waste Connections emphasizes its Environmental, Social, and Governance (ESG) efforts as integral to its business strategy, focusing on emissions reduction, resource recovery, and employee engagement [3]
WASTE CONNECTIONS ANNUAL SHAREHOLDERS MEETING RESULTS
Prnewswire· 2025-05-16 20:05
Core Points - Waste Connections, Inc. held its Annual Meeting of Shareholders where all eight director nominees were elected [1] - The voting results showed high approval rates for the nominees, with the highest being 99.17% for Cherlyn Harley LeBon and Carl D. Sparks [2] - Shareholders approved the compensation of named executive officers on a non-binding advisory basis and appointed Grant Thornton LLP as the independent registered public accounting firm for 2025 [3] Company Overview - Waste Connections is an integrated solid waste services company providing non-hazardous waste collection, transfer, and disposal services, serving approximately nine million customers across 46 states in the U.S. and six provinces in Canada [5] - The company emphasizes its Environmental, Social, and Governance (ESG) efforts as integral to its business, focusing on long-term value creation, emissions reduction, and resource recovery [5]